Trump Media Disputes Report On $3B Crypto Investment Plan
In a new article, the Financial Times reported that Trump Media & Technology Group is planning to raise $3 billion to invest in Bitcoin and other cryptocurrencies, citing six anonymous sources.
However, the company strongly denied the claim, reportedly stating: “Apparently, the Financial Times has dumb writers listening to even dumber sources.”
Yesterday, the SEC acknowledged Cboe’s 19b-4 filing for Canary Capital’s staked Tron (TRX) ETF, while delaying decisions on several other crypto ETFs, including spot XRP ETFs from Bitwise and CoinShares, a spot Litecoin ETF from CoinShares, and Fidelity’s in-kind Bitcoin ETF.
Analyst James Seyffart noted that despite a less hostile SEC under Trump, early approvals are unlikely, with most decisions expected in Q4.
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